A construction-to-permanent loan is a type of mortgage you can use to finance both the building and the purchase of a new home. You can potentially save money on closing costs and avoid underwriting complications when you use one of these loans to finance your new house. However, these loans also have some downsides that include inflexible rate options.
YOUR ROAD TO BUYING A VA HOME. You've earned it—a VA Home Loan Guaranty benefit to help you buy, build, or renovate your home with no downpayment and competitive interest rates, monthly payments, and closing costs. The VA home loan process is quick and easy—and you can start it online today. Go to DoD-VA's website at www.eBenefits.va.gov and request your Certificate of Eligibility. Please see PDF Download link to view an accessible PDF that addresses the full text content of this document.